Business

5:10am

Thu November 1, 2012
Business

GM Quarterly Earnings Exceed Expectations

Originally published on Thu November 1, 2012 6:41 am

Even facing economic headwinds in Europe and South America, GM's quarterly earnings came in well above analysts' estimates, and its stock soared.

5:06am

Thu November 1, 2012
Business

Help Wanted In Switzerland: Hunting Tax Cheats

Originally published on Thu November 1, 2012 6:41 am

Transcript

RENEE MONTAGNE, HOST:

And while we're on the subject of tax evasion, our last word in business today is: Help wanted.

Switzerland is looking for more staff to handle a flood of new requests from other countries that are looking for tax cheats.

STEVE INSKEEP, HOST:

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5:06am

Thu November 1, 2012
Business

The Complicated Economic Impact Of Sandy

Originally published on Thu November 1, 2012 6:41 am

Transcript

STEVE INSKEEP, HOST:

Sandy is likely to go down as one of the costliest storms in U.S. history. The initial estimates of the losses are anywhere from $20 billion to $50 billion. But as NPR's Jim Zarroli reports, the impact on the economy is more complicated than it may appear. Some companies will even make money.

JIM ZARROLI, BYLINE: Economist Greg Daco has been tallying the potential costs of Hurricane Sandy and he says there's no question it's going to hurt the economy more than it will help it.

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5:06am

Thu November 1, 2012
Business

Business News

Originally published on Thu November 1, 2012 6:41 am

Japanese TV maker Sharp on Thursday doubled its expected net loss for the year to more than $5 billion. The company also raised concerns about its ability to survive on its own. The news comes a day after another Japanese tech giant, Panasonic, forecast a nearly $10 billion loss for the year.

5:06am

Thu November 1, 2012
Planet Money

The Robots Haven't Taken Over The Stock Market (Yet)

Originally published on Fri November 2, 2012 1:04 pm

Sandbags protect an entrance of the New York Stock Exchange, Monday, Oct. 29, 2012.
Richard Drew AP

Note: This story was originally published on Oct. 30. It was updated on Nov. 1 to include a radio version of the story.

The stock market, according to a popular narrative, is now just computers making superfast trades with other computers. Those pictures of traders getting emotional on the floor of the New York Stock Exchange are an anachronism. The real action flashes through fiber-optic cables headed for servers in places like Kansas City. It's algorithms all the way down.

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5:27pm

Wed October 31, 2012
Movies

Lucasfilm Deal Represents Shift In Hollywood

Originally published on Wed October 31, 2012 6:53 pm

Transcript

AUDIE CORNISH, HOST:

A surprise announcement yesterday from the Walt Disney Company. The studio that gave us "Cinderella"...

(SOUNDBITE OF ANIMATED MOVIE, "CINDERELLA")

CINDERELLA: Oh, my goodness. It's midnight.

CORNISH: Ariel...

([SOUNDBITE OF ANIMATED MOVIE, "THE LITTLE MERMAID"])

ARIEL: (Singing) You want thingamabobs? I got 20.

CORNISH: And "Snow White"...

([SOUNDBITE OF ANIMATED MOVIE, "SNOW WHITE"])

SNOW WHITE: I'm sure I'll get along somehow.

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4:11pm

Wed October 31, 2012
It's All Politics

Auto Legend Iacocca Backs Romney In Ohio Car Wars

Originally published on Wed October 31, 2012 5:06 pm

Mitt Romney campaigns Monday in Avon Lake, Ohio.
Tony Dejak AP

As the presidential race zeroes in on Ohio, and the auto industry gets renewed focus in the all-important swing state, Mitt Romney's campaign is touting the backing of former Chrysler CEO Lee Iacocca and the company's former president, Hal Sperlich.

"In our opinion, Mitt Romney is the leader we need to help turn our economy around and ensure that the American auto industry is once again a dominant force in the world," Iacocca and Sperlich write on Romney's website.

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9:10am

Wed October 31, 2012
Planet Money

America's Most Expensive Storms

A firefighter surveys the smoldering ruins of a house in the Breezy Point section of New York.
Mark Lennihan AP

While we're on the subject of devastating storms, consider a report published last year by the National Hurricane Center. The title alone makes it worth a look:

THE DEADLIEST, COSTLIEST, AND MOST INTENSE UNITED STATES TROPICAL CYCLONES FROM 1851 TO 2010 (AND OTHER FREQUENTLY REQUESTED HURRICANE FACTS)

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5:21am

Wed October 31, 2012
Business

Halloween Spending On The Rise

Originally published on Wed October 31, 2012 8:52 am

Transcript

STEVE INSKEEP, HOST:

Now let's report on a different kind of horror. Tonight, of course, is Halloween, and Americans are expected to spend somewhere in the neighborhood of $8 billion on decorations candy, costumes and other stuff.

From Seattle, NPR's Wendy Kaufman reports on the business behind this ghoulish night.

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5:21am

Wed October 31, 2012
Business

Walt Disney Co. To Buy Lucasfilm

Originally published on Wed October 31, 2012 4:43 pm

Transcript

STEVE INSKEEP, HOST:

Oh my gosh. You create the social equivalent of nuclear fusion when you combine the people who are obsessed with Star Wars and the people obsessed with Disney. The Walt Disney Company is apparently willing to take that risk. In a move that surprised industry observers, Disney announced, yesterday, it is buying Lucasfilm, the studio founded by George Lucas and home to the Star Wars franchise. NPR's Mandalit del Barco reports there are already plans for a new "Star Wars" movie.

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